Insurance Association Of Connecticu

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 060728625 ✦ Hartford, CT ✦ Designated as a 501(c)(6)

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Overview

What is Insurance Association Of Connecticu?

The Insurance Association of Connecticut, located at 21 Oak Street Suite 209, Hartford, CT 06106, serves as a representative for various insurance companies in the realm of governmental and public relations. With a modest workforce of three individuals, this nonprofit organization is dedicated to advocating for the interests of the insurance industry within the governmental and public spheres. The association's mission is to ensure that insurance companies are well-represented in these crucial areas, thereby contributing to a conducive environment for their operations.


Official website here: www.iaconnecticut.com

Is Insurance Association Of Connecticu legitimate?

Insurance Association Of Connecticu is a legitimate nonprofit organization registered as a 501(c)(6) entity. Insurance Association Of Connecticu submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $463,791

For more financial information, click here


Official website here: www.iaconnecticut.com

What is the mission statement of Insurance Association Of Connecticu?

The Insurance Association of Connecticut's mission, as expressed in its activities and mission description, revolves around representing insurance companies in the realm of governmental and public relations. Its primary role is to serve as a liaison between insurance firms and various governmental bodies, advocating for their interests and maintaining a positive public image for the industry. This organization plays a crucial role in fostering a conducive environment for insurance companies to operate effectively, ensuring regulatory compliance and public understanding.


Official website here: www.iaconnecticut.com

Who is the CEO of Insurance Association Of Connecticu?

Eric George is the President of Insurance Association Of Connecticu.


Official website here: www.iaconnecticut.com

What is the revenue of Insurance Association Of Connecticu?

Insurance Association Of Connecticu's revenue in 2022 was $1,071,433.


Official website here: www.iaconnecticut.com

Who are the executives of Insurance Association Of Connecticu and what are their salaries?

The average compensation at Insurance Association Of Connecticu during 2022 was $154,597. There are 3 employees at Insurance Association Of Connecticu.


Here are 2 key members and their salaries:


Eric George (President)
  • Compensation: $217,643
  • Related: $0
  • Other: $21,024
Brooke Barack (Counsel)
  • Compensation: $153,482
  • Related: $0
  • Other: $26,455


Official website here: www.iaconnecticut.com

Where can I find the form 990 for Insurance Association Of Connecticu?

Insurance Association Of Connecticu's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iaconnecticut.com

Learn more at the official website: www.iaconnecticut.com

Mission Statement of Insurance Association Of Connecticu

The Insurance Association of Connecticut serves as a representative body for various insurance companies, engaging in governmental and public relations activities. Its primary mission is to act as a liaison between these insurance companies and the relevant authorities, advocating for their interests and facilitating open communication. By doing so, the Insurance Association of Connecticut aims to shape policies and public perceptions in a manner that benefits the insurance industry as a whole.

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Impact




October, 2024

The Insurance Association of Connecticut plays a significant role in representing insurance companies in the state, particularly in the realms of governmental and public relations. By advocating for the interests of its member companies, it helps to shape policies and regulations that affect the insurance industry. This representation is crucial in ensuring that the concerns and perspectives of insurance providers are heard in legislative discussions, which can directly impact the availability and cost of insurance products for consumers.

Additionally, the association engages in community improvement initiatives, promoting an understanding of insurance issues among the general public and fostering a positive perception of the insurance industry. Through its advocacy efforts, the association contributes to a more informed and engaged public, ultimately enhancing the industry's reputation and effectiveness within Connecticut. Its work in Hartford positions it as an essential player in navigating the intersection of insurance and public policy, driving forward initiatives that can benefit both insurers and the communities they serve.




This information is meant to be a general summary of Insurance Association Of Connecticu. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,071,433 (2022)
Expenses
$838,178 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $308
  • Gross Receipts: $1,071,433

Assets and Liabilities:

  • Total Assets: $983,485
  • Total Liabilities: $204,135
  • Net Assets: $779,350

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Organization Details

Founding Year

1970

Principal Officer

Eric George

Main Address

21 OAK STREET SUITE 209, HARTFORD, CT, 061068016

NTEE Category

Code: S41 - Community improvement

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